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You had planned to sample $500$ of your $50,000$ employees regarding possible changes healthcare plans. Your boss, always concerned about the bottom line, wants to save some money by only sampling $50$ employees.

You should tell him that a smaller sample size will result in:

(Select ALL that apply.)

A

A higher margin of error therefore your results will be less precise.

B

A higher confidence level therefore your results will be more uncertain

C

A higher nonresponse bias therefore the sample will not be representative.

D

Similar results and lower surveying costs therefore it should be done.

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